EUR/USD

EUR/USD HLHB System Forex Chart

EUR/USD failed to get momentum after it rose to the 1.1300 area at the beginning of the week. The ranging environment yielded a lot of fakeouts for the HLHB System, which eventually added up to a 72-pip loss for the week. Boo!

#

Signal

Open

Close

Pips

Notes

1

Buy

1.1217

1.1237

20

New crossover

2

Sell

1.1237

1.1237

0

RSI was already below 50

3

Buy

1.1337

1.1337

0

RSI was already above 50

4

Sell

1.1335

1.1371

-36

New crossover

5

Buy

1.1371

1.1371

0

RSI was already above 50

6

Sell

1.1336

1.1336

0

RSI was already below 50

7

Buy

1.1363

1.1308

-55

New crossover

8

Sell

1.1308

1.1316

-8

New crossover

9

Buy

1.1316

1.1317

1

New crossover

10

Sell

1.1306

1.1300

6

End-of-week trade

TOTAL

-72

GBP/USD

GBP/USD HLHB System Forex Chart

GBP/USD’s price action was more trend-y than EUR/USD’s. The pair rose to the 1.5200 area where it found intraweek resistance. Its move back to the 1.5000 support was also a good opportunity for intraday trends. In fact, signal #8 could have yielded pips for the system, if only it wasn’t invalidated by the RSI filter. Still, the system gained a cute 13 pips from GBP/USD by the end of the week.

#

Signal

Open

Close

Pips

Notes

1

Sell

1.4994

1.4994

0

RSI was already below 50

2

Buy

1.5022

1.5022

0

RSI was already above 50

3

Sell

1.5072

1.5120

-48

New crossover

4

Buy

1.5120

1.5173

53

Adjusted stop loss hit

5

Buy

1.5184

1.5184

0

RSI was already above 50

6

Sell

1.5160

1.5160

0

There was no crossover

7

Buy

1.5186

1.5186

0

There was no crossover

8

Sell

1.5164

1.5164

0

RSI was already below 50

9

Buy

1.5048

1.5040

9

Adjusted stop loss hit

10

Buy

1.5062

1.5062

0

End-of-week trade

TOTAL

13

Looking forward to seeing more trends! If only there was a catalyst for big moves…

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.

About Hucklekiwi Pip

“Huck loves her bucks!” I always say. The problem, of course, is how to make those bucks!! I'll be posting my adventures as I traverse the forex world, while trying to catch some pips along the way. To do this, I will make use of classical charting methods as well as develop my own mechanical system. Not only will I talk about FX, but I'll also share how my day went along with any currency trade updates. Hopefully, by the end of this tale, I'll be able to achieve my goal of becoming a consistently profitable foreign exchange trader.

We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We're also a community of traders that support each other on our daily trading journey.